Lucintel's latest market report analyzed that Canadian flooring provides attractive opportunities in the residential and non-residential sectors. The Canadian flooring market is expected to reach $5.2billion by 2028 with a CAGR of 4.9%. In this market, resilient flooring is the largest segment by flooring type, whereas residential is largest by end use. Increasing adoption of loose-lay flooring, introduction of waterproofing vinyl flooring, and increasing adoption of loose-lay flooring provides strategic growth path in this market.
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Based on flooring type, the Canadian flooring market is segmented into carpets and rugs, resilient flooring (vinyl and others), and non-resilient (wood and laminates, ceramic tiles, and others). The resilient flooring segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to its minimal maintenance requirements and high durability.
Browse in-depth TOC on “Canadian Flooring Market”
34 – Tables
46 – Figures
103 – Pages
The Canadian Flooring Market is marked by the presence of several big and small players. Some of the prominent players offering Canadian flooring include Shaw industries, Armstrong Flooring, Mannington Mills, Inc., Kraus Flooring, Breeze Wood Floors, Ottawa Flooring Center, and Opus Floors Canada.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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